RE:RE:RE:Another Methodologic Estimate of Tceberg TrenchThank you very much.
Its so nice to see another analytical model estimate .
Just a few quick comments .
I estimated about a 15% loss of ounces going from a cutoff grade of of 0.4 grams to 1.0 grams which is borne out by this model
I assume that they used the grade data from the 2024 TR which is quite extensive.
The block model also adds heft to the estimated ounces.
In my recent post containing my estimate of contained ounces beneath the Iceberg Trench to a depth of 150 metres , I used the raw uncut grades of TR 2024 ( ie without a cutoff ) to estimate 220,000 ounces to 150 m , which extrapolated to the 7 top prospects of QWN resulted in an estimate of 7,5 m ounces for the top 150 m .
In this block model report, just over 6 million ounces were estimated without a cutoff , to a depth of 100 meters for QWN.
Extrapolated to 150 meters of depth, the two estimates would be very close to 7,5 million ounces.
This would be about 6,5 million ounces at 0.4 gram cutoff for both estimates.,..ie economic ounces above 150 meters.
Just a quick review but it would be very helpful if we knew how well this forward model predicted FS ounce outcomes of previous applications .
6.5 million ounces of economic gold resources at very shallow depths above 150 meters and eminiently open pittable is unheard of for early life cycle district drilling outcomes in just the first 4 years of exploratory drilling.
We now have two analytical estimates that are highly congruent in pointing towards this early outcome .
Such Estimates from just a few kms of intensively drilled strike out of 9.5 km of base line strike, suggests that tertiary district drilling outcomes will place Queensway as a world class new gold district .
To say nothing of what the Deeps might heave up..